Basswood Capital Management Llc Increased Sandy Spring Bancorp (SASR) Stake by $14.95 Million; Glg Has Cut Visa (V) Holding

May 18, 2018 - By Stephen Andrade

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Basswood Capital Management Llc increased Sandy Spring Bancorp Inc (NASDAQ:SASR) stake by 82.51% reported in 2018Q1 SEC filing. Basswood Capital Management Llc acquired 393,324 shares as Sandy Spring Bancorp Inc (NASDAQ:SASR)’s stock declined 2.93%. The Basswood Capital Management Llc holds 870,013 shares with $33.72M value, up from 476,689 last quarter. Sandy Spring Bancorp Inc now has $1.46B valuation. The stock increased 0.71% or $0.29 during the last trading session, reaching $41.12. About 72,029 shares traded. Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has declined 4.00% since May 18, 2017 and is downtrending. It has underperformed by 15.55% the S&P500.




Glg Llc decreased Visa Inc (V) stake by 6.74% reported in 2017Q4 SEC filing. Glg Llc sold 6,500 shares as Visa Inc (V)’s stock rose 4.18%. The Glg Llc holds 89,938 shares with $10.26 million value, down from 96,438 last quarter. Visa Inc now has $291.02 billion valuation. The stock decreased 0.57% or $0.75 during the last trading session, reaching $129.93. About 4.91 million shares traded. Visa Inc. (NYSE:V) has risen 31.98% since May 18, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

Sandy Spring Bancorp, Inc. operates as the bank holding firm for Sandy Spring Bank that provides commercial and retail banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington D. The company has market cap of $1.46 billion. C. markets. It has a 18.69 P/E ratio. It operates through three divisions: Community Banking, Insurance, and Investment Management.

Since January 22, 2018, it had 2 insider buys, and 20 selling transactions for $6.78 million activity. The insider BRACEWELL JOSEPH S sold $1.22M. Michael Mark C had sold 3,000 shares worth $120,100. Andersen Shaza L also sold $338,739 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) shares. REEDER JOE had sold 1,538 shares worth $59,408. Another trade for 600 shares valued at $22,693 was bought by Stephenson Mona Abutaleb. $36,760 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) was bought by Friis Mark E. McDowell Ronda M had sold 1,872 shares worth $71,034 on Tuesday, January 30.

Matthew Lindenbaum is the manager of Basswood Capital, though he’s managed funds for 20 years through many different avenues. He was a partner as SNL before Basswood. 13F filings show Basswood engages in shareholder activism. Basswood Capital Management Llc is a New York-based hedge fund that was founded by Matthew Lindenbaum. It had more than $2.47 billion assets under management in March, 2014. Taken from Basswood Capital Management latest Adv, the fund reported to have 14 full and part-time employees. Among which 8 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Among 7 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Sandy Spring Bancorp had 13 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) earned “Hold” rating by Robert W. Baird on Thursday, October 19. As per Thursday, February 22, the company rating was upgraded by Stephens. The stock of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has “Sell” rating given on Tuesday, August 25 by Zacks. Robert W. Baird maintained Sandy Spring Bancorp, Inc. (NASDAQ:SASR) rating on Wednesday, January 10. Robert W. Baird has “Hold” rating and $45.0 target. The firm has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. The stock of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. Keefe Bruyette & Woods maintained the shares of SASR in report on Friday, January 19 with “Hold” rating. Sandler O’Neill maintained the shares of SASR in report on Friday, January 12 with “Hold” rating. The firm earned “Buy” rating on Tuesday, April 24 by Keefe Bruyette & Woods.

Investors sentiment increased to 1.54 in 2017 Q4. Its up 0.10, from 1.44 in 2017Q3. It increased, as 15 investors sold SASR shares while 33 reduced holdings. 19 funds opened positions while 55 raised stakes. 16.99 million shares or 4.79% more from 16.21 million shares in 2017Q3 were reported. Macquarie Ltd holds 426 shares. Gsa Prns Limited Liability Partnership stated it has 0.04% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Brinker Cap holds 0.01% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 7,219 shares. Deutsche Bankshares Ag has invested 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Victory Capital has 6,509 shares. Bankshares Of America De owns 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 128,510 shares. Great West Life Assurance Can owns 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 3,694 shares. Barclays Public Limited Company holds 10,291 shares. California Public Employees Retirement Sys, California-based fund reported 78,544 shares. Capstone Investment Advisors Ltd Liability Corp holds 0.01% or 6,200 shares. Banc Funds Ltd Liability invested 1.33% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Thrivent For Lutherans invested 0.04% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Zebra Capital Lc stated it has 0.25% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Columbia Wanger Asset Mgmt holds 0.18% or 312,841 shares in its portfolio. American International Group Inc Inc invested 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR).

Glg Llc increased Ingersoll (NYSE:IR) stake by 172,632 shares to 200,000 valued at $17.84 million in 2017Q4. It also upped Constellium Nv (NYSE:CSTM) stake by 65,308 shares and now owns 248,296 shares. Autodesk Inc (Call) (NASDAQ:ADSK) was raised too.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.05, from 1 in 2017Q3. It increased, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. Cibc World Inc reported 0.19% stake. Gamco Et Al holds 41,977 shares. 9,743 are held by Park National Oh. Centurylink Mngmt has invested 0.38% in Visa Inc. (NYSE:V). Hartwell J M Ltd Partnership invested in 180,329 shares or 3.86% of the stock. Winfield Assocs Inc owns 35,935 shares or 2.07% of their US portfolio. Annex Advisory Limited Liability Corporation invested in 0.21% or 9,512 shares. Boston Advisors Limited reported 425,174 shares. California-based Dodge & Cox has invested 0% in Visa Inc. (NYSE:V). Eaton Vance Mgmt accumulated 3.50 million shares or 0.97% of the stock. Buckingham Incorporated holds 1.44% of its portfolio in Visa Inc. (NYSE:V) for 60,087 shares. Tctc Holding Limited Liability Company holds 12,296 shares or 0.07% of its portfolio. Tiemann Inv Advsrs Ltd holds 3,296 shares or 0.3% of its portfolio. Reilly Advisors Lc reported 0.3% stake. Mechanics Bancshares Tru Department owns 0.83% invested in Visa Inc. (NYSE:V) for 32,224 shares.

Analysts await Visa Inc. (NYSE:V) to report earnings on July, 19. They expect $1.10 EPS, up 27.91% or $0.24 from last year’s $0.86 per share. V’s profit will be $2.46B for 29.53 P/E if the $1.10 EPS becomes a reality. After $1.11 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts -0.90% negative EPS growth.

Since December 13, 2017, it had 0 insider buys, and 5 sales for $12.69 million activity. MATSCHULLAT ROBERT W had sold 6,220 shares worth $707,561 on Wednesday, December 13. The insider HOFFMEISTER JAMES H sold $1.08M. On Friday, December 15 MAHON TULLIER KELLY sold $5.65 million worth of Visa Inc. (NYSE:V) or 49,702 shares. On Wednesday, February 14 the insider Biggar Lynne sold $205,440. MCINERNEY RYAN sold $5.06M worth of stock.

Visa Inc. (NYSE:V) Institutional Positions Chart

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